The asset was previously purchased through a non-performing loan secured from a special servicer in April 2011 for $12.6 million, and changed owners through foreclosure. At the moment of the foreclosure, the shopping center was 86 percent occupied. Through a concerted leasing effort led by GFI, the joint venture managed to obtain 100 percent occupancy.

Harbour Village is a Class A, 113,000-square-foot retail center located at 13475 Atlantic Blvd., at the intersection with San Pablo Road and adjacent to Queen’s Harbour Yacht & Country Club. The property is currently anchored by Fresh Market and Stein Mart.